CIPS L4M1 SAMPLE QUESTIONS AND ANSWERS RATED A.

CIPS L4M1 SAMPLE QUESTIONS AND ANSWERS
RATED A.
Value for money is only about price
Correct Answer -False
True or False: Fixed assets to an organization are usually capital
purchases
Correct Answer -True
True or False: Added value includes innovation from suppliers
Correct Answer -True
The _____ stage of the procurement cycle includes understanding and
defining the need, strategy development and issuing invitations to tender,
or requests for quotation.
Correct Answer -Pre-Contract
The ____ stage of the procurement cycle includes contract, supplier and
end of life management.
Correct Answer -Post-Contract
Put the following in the correct order: 1. E-sourcing 2. E-paying 3. Eordering 4.E-requisitioning
Correct Answer -4,1,3,2
Achieving ___ against processes can add value within procurement
Correct Answer -Compliance